State Compensation Insurance Fund

The State Compensation Insurance Fund is a nonprofit, public enterprise fund that operates like a mutual insurance carrier. It provides California employers with workers compensation insurance protection at cost with no financial obligation to the public. Company adjusters, professional loss control representatives, industrial hygiene and ergonomics specialists are located in offices throughout California. The California State Legislature established State Compensation Insurance Fund in 1914. It is the largest workers compensation insurance carrier in the state and employs approximately 6,000 employees. Although a state agency, State Compensation Insurance Fund is self-supporting and receives no money from the state s general fund. It is subject to the same laws and regulations as any other insurance carrier in the state. It operates by charter as a nonprofit insurance self-insured enterprise, rebating excess premium to the policyholders based on experience and actuarial expectations. It also offers policy management services to California organizations. The State Compensation Insurance Fund is located in Santa Ana, Calif.